Commodities and Futures News
Canada strengthening guidelines to protect critical minerals sectors
2022.10.28 16:36
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© Reuters. FILE PHOTO: Canada’s Minister of Natural Resources Jonathan Wilkinson speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, April 7, 2022. REUTERS/Patrick Doyle
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OTTAWA (Reuters) – The Canadian government said on Friday it was strengthening foreign investment guidelines to protect the country’s critical minerals sectors from foreign state-owned enterprises.
Significant transactions by foreign state-owned companies in Canada’s critical minerals sectors would now only be approved on an exceptional basis, Industry Minister Francois-Philippe Champagne and Natural Resources Minister Jonathan Wilkinson said in a joint statement.
